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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Comment by northernbullon Nov 07, 2014 11:30am
115 Views
Post# 23106746

RE:new press release re: Cerro Samenta- oh well

RE:new press release re: Cerro Samenta- oh wellNo surprise here.
To me, it's all about whether they can execute the limestone deal right now. That would give us cash to wait things out and also maybe get San Roque drilling again on our own terms.
This is going to still take some time I gather, but hopefully they can pull it off. 
I'm still buying and will continue. There can't be many shares left though, as there's only about 80-90 million shares trading and over 20% minimum are held by insiders.  Add in a few of the holders I chat with I can come up with at least 10% more of the float. There's also Rick Rule's portion that I doubt is being sold now (he may have sold earlier, but certainly not now).
considering the volume traded since the limestone story began, I would say the majority of holders are now in it until that situation plays out. 
Its likely all or nothing this time, but a penny gambled now could be dollars down the road. I personally would be happy to see dimes or quarters to start with.
Bullboard Posts